The Housing Crisis and Looming Federal Intervention

Nolan Gray, a housing researcher, delves into the housing crisis and explores potential federal interventions to dismantle state and local regulatory barriers. He highlights how rising home prices limit options for buyers and critiques the Biden administration's proposal for rental price caps. Instead, he advocates for bipartisan zoning reforms and increased federal funding to motivate local governments to address zoning regulations. Gray provides a historical context for these issues, emphasizing the importance of enhancing housing supply over price controls.